On a reported basis,revenue grew 12% YoY to INR32.8b (our estimate: INR37.4b). The revenue miss can be attributed to weak performance in the mobility (-43% YoY),power and gas (-8 % YoY) and process industries and drives (-2% YoY)segments. EBITDA grew 16% YoY to INR3.2b, with margin at 9.8% (+30bpYoY; our estimate: 10.8%). Adjusted net profit from operations increased23% YoY to INR2.2b, below our estimate of INR2.8b